BUS 211 Entire Course

BUS 211 Entire Course
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Year: 2016
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BUS 211 Week 1 Business Models, Systems and Organization

  Instructions

 Consider a local business whose services you frequently use. What are the main components of this company’s business model?

Write a 400- to 500-word response in which you do the following:

  • Describe the three components of the business system that comprises the local business you selected. Use Figure 1.2 on p. 11 of Introduction to Businessas a reference.
  • Identify the form of business organization that the business currently uses: joint-stock company, limited liability, partnership, or sole proprietorship.
  • Explain the differences between your business’s form of organization and the other three forms.

Resources: Ch. 1 & 2 of Introduction to Business

Format your paper consistent with APA guidelines.

Click the Assignment Files tab to submit your assignment.

 

 

BUS 211 Week 1 quiz 

 Instructions

 Your answers : 33/33 (100%)

  • 1

What is the best way to raise funding for a joint-stock company?

Secure an investment bank loan.

Pool money from partners.

Issue stock certificates for investors.

 

Raise capital from interested stakeholders.

  • 2

What law shows that there is a direct relationship between the price of a product and the amount that is supplied in the market?

Law of supply

Law of demand

Law of market systems

Law of market price

  • 3

Which of the following best describes a partnership?

All employees are stockholders to promote loyalty to the company

Skilled professionals who pool their talents and resources to share general capital costs

Families who work and live together to reduce costs

Friends who share new business interests by sharing rent costs

  • 4

What measures how efficient a company uses its capital and resources to generate returns for its investors?

Profit

 

Profitability

Revenues

Sales

  • 5

Who assumes all liability for debt created in a sole proprietorship?

The stockholders

The business partners

The bank

The business owner

  • 6

What is an obstacle that professionals avoid in a sole proprietorship?

Debt

Disputes

Risk

Competition

  • 7

What will most likely increase the demand for better quality goods and services?

Increasing specialization

Increase in self-interest

Decrease in profitability

Decreasing demand

  • 8

What law refers to the tendency of people to buy more of a product when the price is lower and less of it when its price is higher?

Law of diminishing marginal utility

Law of demand

Law of market increase

Law of supply

  • 9

Imagine Company A has a total profit of $40 million and that it invested $400 million in the course of a year. Company B has a total profit of $20 million and has invested $80 million over the course of the year. Which company has the greater profitability?

 

Company B

 

Profitability cannot be determined from the information given

Company A

They have the same profitability

  • 10

In general, the more a particular product is valued, the more it is demanded. Which is true in regard to this statement?

The higher the demand, the higher the price and the product is easy to find.

The higher the demand, the lower the price and the product is easy to find.

The higher the demand, the lower the price and the product is harder to find.

The higher the demand, the higher the price and the product is harder to find.

  • 11

Capital, land, enterprise, and labor are all costs associated with making and selling goods. What do they determine?

Operating costs

Value

Competitive advantage

Sales revenue

  • 12

In economics, what principle indicates the value placed on a product lessens as consumption increases?

Scarcity value

Demand value

Diminishing marginal utility

Supply utility

  • 13

Which of the following is the best advantage of a joint-stock company?

Investors determine the venture the company is required to pursue.

The investor limits the risk to the percentage of stock ownership.

The business is resilient to poor management.

Investors have limited liability from creditors.

  • 14

Information technology, e-commerce, human resource management, and procurement are included in what type of value chain function in a business?

Secondary value function

Primary value function

Tertiary function

Complimentary function

  • 15

Enterprise, as a main component of business, requires which of the following?

Operating from an appropriate facility

Inputs, machinery and computers

Employing the right people for the tasks

Foresight, drive, knowledge, and ingenuity

  • 16

What was the original purpose of the limited liability company?

To encourage investors to take financial risks to ensure a business’ success

To control specialization of new businesses

To favor creditors with the ability to seek recovery of assets to repay debt

To limit financial risk exposure and encourage formation of new businesses

  • 17

This is the point at which the supply of the product just meets the demand for it.

Market

Supply curve

Demand curve

Margin

  • 18

What equation correctly shows how profit is calculated?

Profit = (Total Operating Costs) – (Total Sales)

Profit = (Purchases) – (Total Sales Revenues)

Profit = (Total Sales) – (Purchases)

Profit = (Total Sales) – (Total Operating Costs)

  • 19

Which of the following best describes a joint-stock company structure?

Stock ownership creates unlimited liability if the business fails.

An entrepreneur raises capital by issuing stock ownership for others to share the risk.

Multiple professionals share general costs and management leadership.

One person assumes the liability for the business venture.

  • 20

Which of the following businesses best matches the definition of a sole proprietorship?

Professors, nurses, or taxi drivers

Lawyers, bankers, or accountants

Bus drivers, hotel managers, or painters

Dentists, carpenters, or plumbers

  • 21

Which term refers to the total money or assets of a business?

Wealth

Capital

Sales revenue

Competitive advantage

  • 22

What is defined as the absolute monetary difference between sales revenues and operating costs?

Profit

Profitability

Demand

Supply

  • 23

If a business partnership grows, what is usually added over time?

Increased stock percentage for partners

New professional members adding capital into the business

More revenue allocated to management

Management control

  • 24

Which of the following best describes a system through which goods or services are exchanged for capital with the aim of making a profit?

Value-creation process

Competitive advantage

 

Productive resources

 

Business

  • 25

Which equation correctly shows how to calculate profitability?

Profitability = (Total Profit) / (Total Amount of Capital Invested)

Profitability = (Total Profit) – (Total Amount of Capital Invested)

Profitability = (Total Amount of Capital Invested) – (Total Profit)

Profitability = (Total Amount of Capital Invested) / (Total Profit)

  • 26

How does specialization assist a business in becoming more productive?

Better equipment aids employees in increasing their output.

Employees become more skilled at specific tasks.

Product management is more efficient and easier to maintain.

Sunk costs are eliminated by reinvesting into new product lines.

  • 27

If a company were to have a total sales revenue of $50 and a total operating cost of $37, what is the total profit?

$13

$87

 

$37

$ -13

  • 28

What defines a group of companies that have similar products and business activities?

Industry

Business system

Field of interest

Business model

  • 29

Which of the following businesses is the best example of when to set up a limited liability company in order to control financial risk of the stockholder(s)?

Hertz Car Rental

Prudential Insurance

Wal-Mart

Joe’s Neighborhood Pet Store

  • 30

Which of the following is the best example of a business partnership?

Politicians who share expenses for a campaign

Restaurant owners who share the same cuisine in a common geographic area

Employees of a large computer manufacturer

A group of similar professionals who start a company together

  • 31

What are the four productive resources that make a business possible?

Land, labor, capital, enterprise

Supply, demand, land, labor

Sales, profit, profitability, supply

Capital, labor, supply, demand

  • 32

What are the three components that make up a business system?

Business commerce, business organization, business occupation

Business organization, business management, business exchange

Business commerce, business organization, business market

Business market, business management, business organization

  • 33

Which of the following best describes limited liability as it relates to a business?

Limited liability discourages entrepreneurs to start new businesses.

If the business fails, personal assets of the owner(s) are at risk

Creditors are entitled to recover outstanding debt beyond the financial assets of the business.

The stockholder’s financial liability is limited to a fixed investment amount.

 

 

BUS 211 Week 2 Evolution of Business Presentation 

Instructions

 Resource:  Your Week 2 collaborative discussion and the Ch. 2 of Introduction to Business

Research the evolution of business with your assigned team members.

Locate information on the following points:

  • Feudalism
  • Mercantilism
  • Capitalism
  • Commerce
  • Property rights
  • The Industrial Revolution

Individually, create a 10- to 15-slide Microsoft® PowerPoint® presentation describing the evolution of business.

Provide examples and appropriate visuals to illustrate each phase of business.

Include detailed speaker notes, a title slide, and an APA-formatted reference slide.

Click the Assignment Files tab to submit your assignment.

 

 

 

BUS 211 Week 2 Profits and Supply and Demand 

 Instructions

 Resource: Ch. 1 of Introduction to Business

Consider a fictional business you would be interested in starting. You will be using this same business in other weekly assignments throughout the course.

You are seeking financing for your business, and a potential investor has asked you to provide more information.

Write a 400- to 500-word response to your potential investor in which you do the following:

  • Describe the products or services your business will offer and the resources–materials, supplies, building, and so on–that you will need for your startup.
  • Examinethe differences between profit and profitability and how you plan to use your profits to increase your business profitability.
  • Describe how you expect your business may be affected by the laws of supply and demand.

Format your paper consistent with APA guidelines.

Click the Assignment Files tab to submit your assignment.

 

 

BUS 211 Week 2 quiz

 

Instructions

 

Your answers : 35/35 (100%)

 

  • 1

This type of law exists to ensure that people have the skills they need to properly serve the public interest.

Laws relating to the public interest

Laws regulating occupational qualifications

Laws governing business diversity

Laws promoting employee health and safety

  • 2

What type of information is within a business plan?

Tax penalties, number of personnel, and location of organization

Revenue, profit, and loss

New products, how the organization will compete, and how the organization will organize resources

Past performance and stock price

  • 3

This is a process of dissolution of a business through which its assets are sold to repay its creditors.

Chapter 13 bankruptcy

Chapter 9 bankruptcy

Chapter 11 bankruptcy

Chapter 7 bankruptcy

  • 4

What rules can managers employ as guidelines to analyze the effects of their business decisions on stakeholders?

Pragmatism, moral rights, justice, and practical rules

Utilitarian, moral rights, justice, and practical rules

Utilitarian, social contracts, virtue, and practical rules

Relativism, moral rights, justice, and social contracts rules

  • 5

What is the primary role of a non-managerial employee?

To perform the day–to-day tasks assigned to them as directed

To assign resources and timelines to tasks

To hire, coach, discipline, and fire employees as appropriate

To evaluate the performance of other employees

  • 6

Laws governing diversity endeavor to motivate employers to

specify the skills, qualifications, and experience people must possess to be hired for government occupations

consider the skills, experience, and ability to do the job versus employee ethnicity, religion, gender, age, and so forth

help promote their survival and increase the profitability of business enterprises

govern how a company should behave to further the public interest

  • 7

What is a copyright?

It is a form of protection provided to the authors of books, videogames, poems, and songs produced by authors, poets, software experts, and musicians.

It is a word, name, symbol, or device which is used in trade with goods to indicate the source of the goods and to distinguish them from the goods of others.

It is the grant of a property right that is issued to its inventor.

It is the creations of the mind including inventions, literary and artistic works, and symbols, names, images, and designs used in commerce.

  • 8

Jones (2007) describes a three-stage business plan used by managers. Which of the following is one of the stages?

Answering questions about products from customers

Calling customers to sell products

Assembling raw materials into finished products

Selecting goals and targets for team members

  • 9

What are the four elements of a SWOT analysis?

Strengths, weaknesses, opportunities, and threats

Systems, weaknesses, obstacles, and threats

Systems, weaknesses, opportunities, and targets

Strengths, weaknesses, obstacles, and targets

  • 10

A detailed SWOT analysis would classify a poorly designed marketing plan as a

strength

threat

weakness

opportunity

  • 11

This is the effect of unethical behavior on business commerce.

Unethical behavior becomes a social norm.

Stakeholders internalize the unethical values.

Less capital and wealth are created in society.

Less capital and wealth are accrued in the government sector.

  • 12

The U.S. Department of Labor Occupational Safety and Health Organization (OSHA) is the government agency primarily responsible for

how the rights of consumers are protected in the marketplace

how companies determine the occupational requirements needed by employees to protect the well-being of society

how companies recruit, promote, and retain people for employment

how companies protect their employees from harm while on the job

  • 13

When an entrepreneur uses advancing technology to find a new way to make or supply a product, the entrepreneur utilizes which of the following opportunities?

Organizational

Capitalistic

Commercial

Occupational

  • 14

A detailed SWOT analysis would classify competition in the industry or market as a

strength

threat

weakness

opportunity

  • 15

Which example best describes an organizational opportunity?

A business sells their products to new customers.

A business creates new, more effective ways to increase profitability.

Business identifies and creates a new product.

A business launches and markets a 36-hour sale.

  • 16

Which of the following people or groups supply a company with productive resources and are affected by the way a company does business?

Customers

Stakeholders

Employees

Managers

  • 17

Which of the following impact ethical practices in business at home and abroad?

Societal ethics, occupational ethics, legal ethics, and environmental ethics

Legal ethics, environmental ethics, individual ethics, and organizational ethics

Societal ethics, occupational ethics, individual ethics, and organizational ethics

Cultural ethics, occupational ethics, legal ethics, and organizational ethics

  • 18

When is a business plan developed?

Annually

When reporting profit and loss

Shareholder meetings discussing past performance

When proposing a new business venture

  • 19

Which of the following best describes the employee “role”?

The set of guidelines that govern organizational behavior

The set of tasks a person is expected to perform

The nature of employment conditions, pay, and benefits

The experience and minimum skills required for a specific job

  • 20

The utilitarian rule bases a business decision on which of the following?

What produces the greatest good for the greatest number of people.

What maintains and protects the fundamental rights and privileges of people.

What a manager has no hesitation to communicate to people outside the company, because the typical person in a society would think the decision is acceptable.

What distributes benefits and harm among people in equitable and impartial manner.

  • 21

This Act was passed by congress to protect air quality and motivate companies to pollute less.

Pollution Prevention Act

Energy Policy Act

Comprehensive Environmental Response, Compensation, and Liability Act

Clean Air Act

  • 22

What is the definition of a business plan?

An outline of the way a company will use its resources to create products that give it a competitive advantage

A summary of a company’s profit and loss for a specified period of time and its plan for future growth

A highly-detailed, written statement that explains the purpose of creating a new venture

A general overview explaining the purpose of creating a new venture

  • 23

Which of the following best describes how an employee can increase his or her chances of being promoted inside an organization?

By being routinely confrontational with other employees and questioning the status quo

By being proactive and looking for new ways to improve his or her skills

By ensuring performance remains within the  boundaries of the job expectations

By doing what he or she is asked to do and by meeting job requirements

  • 24

Who has a claim on a company because they own shares?

Employees

Stockholders

Customers

Managers

  • 25

Which law was enacted to force companies to more fully disclose their financial results and to protect stockholders of the company?

Dodd-Frank Wall Street Reform and Consumer Protection Act

Securities Exchange Act

Sarbanes-Oxley Act

Investment Company Act

  • 26

What is a difference between an employee and a manager?

Employees hold each other accountable for success of the business

Employees are responsible for providing vision and leadership

Employees have decision making authority over the organization’s resources

Employees perform the many jobs to make, facilitate,  and sell a product

  • 27

A detailed SWOT analysis would classify a well developed and informed business model as a

weakness

threat

opportunity

strength

  • 28

Which two types of laws have been enacted to promote a company’s continued existence and profitability?

Incorporation and bankruptcy

Occupational health and safety

Occupational qualifications and diversity

Business and environmental stewards

  • 29

Which ACT prohibits U.S. companies from paying bribes in order to win contracts abroad?

Securities Exchange Act

U.S. Foreign Corrupt Practices Act

Sarbanes-Oxley Act

Investment Company Act

  • 30

Important issues can arise concerning how and when payments are made to this group of stakeholders?

Employees

Customers

Suppliers and distributors

Stockholders

  • 31

Which answer contains the three types of entrepreneurial activities?

Financing, selling, and purchasing

Commercial, occupational, and organizational

Business, sales, and training

Evaluating, monitoring, and selling

  • 32

Which of the following best defines the entrepreneurship process?

Using IT to assemble materials into the final product

Providing both direct and indirect services to customers

Exchanging or selling services to other companies

Acquiring and combining resources to create goods or services for customers to buy.

  • 33

Anti-trust legislation exists

because it is the government’s job to regulate business

to make it illegal for companies to conspire with one another to limit supply

because it is the express aim of the U.S. government to foster competition

to protect consumers from shortages

  • 34

There are several advantages a company can gain over its competition by behaving in an ethical way. The main advantage is

improved reputation

decreased costs

increased sales

employee loyalty

  • 35

How do managers help the company’s stakeholders?

Assembling materials into finished products

Assisting customers with their purchases

Creating profitable goods and services

Providing financing to grow the business

 

 

 

 

 

BUS 211 Week 3 Code of Ethics, Roles and Behaviors

Instructions

Resource: Ch. 3 & 5 of Introduction to Business

Consider the fictional company you started in Week 2. What will be the roles of the entrepreneurs, managers, and employees of your company? What will be the ethical code of your company?

Write a 500- to 700-word paper in which you do the following:

Describe the roles of the entrepreneurs, managers, and employees of your company. Describe its ethical code of conduct, including the rules and principles your company will use in its decision making.

  • Provide a brief explanation of why you selected each rule and principle. How will your ethical code of conduct affect your business?
  • Examine any laws that may be relevant to the chosen rules and principles of your business. How do these laws differ from the business ethics you have established?
  • Explain the behaviors you would like to cultivate in your company.

Format your paper consistent with APA guidelines.

Click the Assignment Files tab to submit your assignment.

 

 

 

BUS 211 Week 3 quiz

Instructions

 

 

Your answers : 31/31 (100%)

 

 1

Employees quickly figure out and adopt the values and norms desired by their company. What is this process called?

Organizational socialization

Rites of integration

Rites of engagement

Cultural exchange

  • 2

Maslow’s Need Theory is an hierarchal format that deals with ‘what’ is important to individuals.  Which of the following hierarchy most accurately reflects Maslow’s hierarchy?

Physiological, security, esteem, self-actualization, belongingness

Physiological, security, belongingness, self-actualization, esteem

Physiological, security, belongingness, esteem, self-actualization

Physiological, security, esteem, belongingness, self-actualization

  • 3

The Matrix Structure is a unique organizational structure that responds to rapid changing situations. Which of the following is a component of this structural design?

Most commonly used by non-high-tech companies

R&D specialists manage product teams.

Employees are grouped into cross-functional product teams.

Managers group people by product instead of function.

  • 4

Company values are shared standards that employees use to

evaluate if they have helped the company achieve its goals

govern interactions with other employees

measure profitability and make needed corrections in performance

evaluate risks and drive innovation in their department

  • 5

A company who desires to develop new or improved products would fit best with what type of team?

Cross-functional

Virtual

Top management

Functional

  • 6

What form of business communication offers the lowest form of persuasive communication?

Face-to-face meeting

Telephone conversation

E-mail

Written letters and memos

  • 7

What work attitude would a leader promote to influence his or her worker?

Quantity and quality of work

Level of effort put into job

Job satisfaction

Reliability of performance

  • 8

According to the goal-setting theory, job performance goals should

measure the degree of effort

align to company culture

be broad and flexible

be specific and time bound

  • 9

Which of the following best describes a company that has established a professional culture?

It invests in employee development.

It maintains a professional setting.

It follows ethical business practices.

It promotes streamlined decision making.

  • 10

An organizational performance is increased with employees working in teams since

managers can more easily monitor the performance of their employees

managers can develop group norms that facilitate cooperation

teams facilitate the division of labor and specialization

teams facilitate goals and interests of different stakeholders that otherwise would be incompatible

  • 11

What is the definition of a team?

Collection of people working towards a common goal

Employees jointly responsible to meet a goal

Employees working towards their specific goals

A group who follows the same rules

  • 12

Businesses often promote norms which are entrepreneurial or conservative in nature. Why?

The external environment influences corporate norms and must be controlled.

Promoting norms increases employee motivation.

Companies try to select norms which match their business model and culture.

Promoting norms allow the company to measure employee performance more efficiently.

  • 13

Which of the following best describes sources of a company’s culture?

Values of the founder and ceremonies

Employee autonomy and creativity

Communication of strategic goals

Values of innovation and excellence

  • 14

Which of the following could cause an individual to avoid performing a required job task according to expectancy theory?

Desire for belongingness

Low levels of self-efficacy

Unmet physiological needs

Goal orientation at odds with task

  • 15

Which of Maslow’s Hierarchy of Needs is geared toward personal fulfillment?

Self-actualization

Esteem

Belongingness

Security

  • 16

What does the amount of conflict in an organization signal?

Managers value conformity

Performance goals are not clear

Openness to new ideas

Indecision by top management

  • 17

Formal events that recognize an employee or group that have benefited the company by their works are

rites of passage

rites of enhancement

rites of engagement

rites of integration

  • 18

Organizational design is best defined as

the values and norms employees share

a specific type of organizational structure and culture

the framework of task and authority

relationships

the coordination actions of employees and groups

  • 19

Being goal oriented has shown to be paramount to a person’s success. Why?

Goals remove obstacles

Focus is on reaching the unattainable

Motivated persistency

Goals are constant reminders of abilities

  • 20

What best describes the contingency approach, as it relates to organizational design?

Having the ability to alter a plan

Finding ways to increase revenue

Growing the business model

Creating a cultural design

  • 21

What form of business communication offers the highest form of persuasive communication?

Face-to-face meeting

Telephone conversation

E-mail

Instant messaging

  • 22

Managers can cause organizational dysfunction by doing which of the following?

Expressing conflicting ideas

Disagreeing that change is needed

Focusing efforts on political battles

Promoting competition

  • 23

Which of the five sources of a leader’s power would be demonstrated by a leader with rightful authority to direct and control an employee’s activities?

Coercive power

Reward power

Expert power

Legitimate power

  • 24

Which of the following in the best example of active listening?

Paying attention to the words being said and other signals

Paying attention as the sender voices ideas

Knowing the sender’s problem in advance

Interaction between the sender and receiver

  • 25

Employees will most often be motivated to initially fulfill basic needs rather than higher level needs. Which of the following satisfies a higher need?

Safe working environment

Bonuses and fringe benefits

Promotion to senior position

Job stability and pay

  • 26

Companies with a strong culture may hold meetings to announce the company’s achievements. Which source of company culture would best describe this activity?

Rites of excellence

Rites of enhancement

Rites of passage

Rites of integration

  • 27

Which theory tries to explain the psychological factors underlying why an individual selects a task and exerts effort in performing a task?

Maslow’s hierarchy of needs

Expectancy theory

Equity theory

Goal-setting theory

  • 28

What are teams grouped by areas of expertise?

Virtual

Top management

Cross-functional

Functional

  • 29

The motivational theory that tries to determine how much work is needed for a specific outcome is

goal setting

expectancy

MBO

equity

  • 30

Which of the following best describes how the values of the company’s founder influence an organization?

They define rites of passage.

They promote entrepreneurial practices.

They outline rites of integration.

They establish cultural norms.

  • 31

What best describes company norms?

Standards of excellence

Organizationaldesign

Informal but powerful rules

Ceremonies and rites

 

 

 

 

BUS 211 Week 3 SWOT Analysis

Instructions

 

Resource: Your Week 3 collaborative learning team discussion and Ch. 3 of Introduction to Business

Complete the following with your learning team members.

  • Research different examples of business plans found on the Internet. Choose one of them to use for this assignment.
  • Review the example of a SWOT analysis on p. 97 of the text.
  • Conduct a SWOT analysis of the sample business plan you selected with your team members. Use Appendix B as the template for your SWOT Analysis.

Indiviually, write a 700- to 1,050-word paper examining the business plan you selected. Include a SWOT analysis highlighting the strengths, weaknesses, opportunities, and threats of the company you chose.

Post Appendix B and your paper as an attachment.

Format your paper consistent with APA guidelines.

Click the Assignment Files tab to submit your assignment.

 

 

 

 

BUS 211 Week 4 Motivation and Teams Case Study

Instructions

Resource: Your Week 4 learning team collaborative discussion and Ch. 7 of Introduction to Business

Read the two case studies on pp. 233-236 of the text.

Discuss the following with your Learning team:

  • What motivation theories may be found in each case study?
  • Describe the theories found in each case study and cite specific examples.
  • What was each business owner’s approach to creating high-performing teams within their company? What are common characteristics of high-performing groups and teams?

Summarize your discussion in a 200- to 300-word individual response.

Format your summary consistent with APA guidelines.

Click the Assignment Files tab to submit your assignment.

 

 

 

 

BUS 211 Week 4 Persuasive Communication and the Job Fair Brochure

 

Instructions

Resources: Ch. 6 & 8 of Introduction to Business

Continue to explore the fictional company you created in Week 2.

You have decided it is time to hire additional employees and would like to have a job fair. It is your responsibility to persuade the organization that the job fair will be beneficial.

Answer the following in a 200- to 300-word response:

What types of communication would be most effective in persuading the groups in your organization–including trainers, employees, programmers, and managers–that the job fair will be beneficial? Describe these communication types and explain why they would be effective.

Now that you have decided on the most effective method of communicating to your organization, you have set up a booth at the local job fair to generate interest in your new company and search for prospective employees.

Create a 1-page brochure describing your company’s structure, business model, and culture. Describe how organizational culture has influenced your business.

Post your persuasive communication response and brochure as an attachment.

Format your brochure consistent with APA guidelines.

Click the Assignment Files tab to submit your assignment.

 

 

 

BUS 211 Week 4 quiz

Instructions

 

Your answers : 31/31 (100%)

  • 1

Which is the process that aims at identifying company inefficiencies and then determines where improvements are needed?

Human resource planning

Workflow analysis

Job specifications

Job analysis

  • 2

Which component of the HRM system strives to ensure equity and fairness in dealing with employee issues and concerns?

Recruitment and selection

Labor relations

Performance appraisal and feedback

Pay and benefits

  • 3

According to Jones (2007), the semi-finished goods and services that go through a company’s production process are called

distribution

conversion

inputs

work-in-process

  • 4

Which of the following is a form of information that is constantly updated to make sure that decisions can be as up-to-date as possible?

Real-time

Reliable

Relevant

Complete

  • 5

Some examples of elements in the operations stage of the operations and material management process include

raw materials and components

skills and machines

goods and services

labor and customers

  • 6

Which of the following describes managers’ ability to use the collection and analysis of data to gain information about various tasks and operations to increase the efficiency of a particular function?

Superior productivity

Superior innovation

Superior quality

Superior information

  • 7

The combination of which two factors gives people the ability to better react to the economic environment in which they function?

Facts and numbers

Data and technology

Hardware and software

Knowledge and learning

  • 8

Which of the following best describes the result of information overload?

Data is missing which makes information difficult to understand.

Vast amounts of information make it difficult to determine what is useful.

Excess data causes systems to fail.

Large amounts of real-time data make it difficult to collect.

  • 9

Which of the following is one of the four major sources of competitive advantages provided by information technology?

Rapid development

Superior innovation

Cutting edge communication

Artificial intelligence

  • 10

The operating system that combines both the benefits of customized products and low cost production is called

standardized production

mass production

flexible production

small-batch production

  • 11

Information technology improves customer responsiveness by

giving middle managers the ability to collect and process more data

tracking people’s likes, dislikes, and buying habits

tracking changes to products and systems

allowing the organization to identify issues in products or process

  • 12

In the 1990’s, the Windows operating system, created by Microsoft, was installed in 90% of the world’s PCs. This kind of penetration in the personal computer business made Windows the

world’s largest software system

industry standard

leader in the networking software

best-of-breed solution

  • 13

The aim of this process is to align human resources recruitment and retention with future organizational goals.

Human resource planning

Job specification

Job analysis

Job screening

  • 14

Which of the following is a key benefit of mass production operating systems?

A wide range of customized products

Unique one-of-a-kind products

Lower operating costs

Flexible employees and work teams

  • 15

Which of the following best describes information learned from a Position Analysis Questionnaire (PAQ)?

the different types of employees’ job activities

specific sales strategies and daily targets

pool of potential applicants for each position

occupational safety and health concerns at work

  • 16

For what purpose do businesses consider establishing maquiladoras?

Reduce labor costs.

Reduce raw materials costs.

Reduce inventory costs.

Reduce distribution costs.

  • 17

According to Jones (2007), the hardware and software components of a company’s existing IT systems are called its

mainframes

legacy systems

microprocessors

network computers

  • 18

One major result of organizational learning is

increased work load

increased profitability

increased information

increased expenses

  • 19

Which best describes e-commerce?

Trade that is transacted electronically

Same industry commerce

Systems used for exchange

Commerce between wholesalers and retailers

  • 20

Which component of the HRM system provides employees with information about their performance relative to job expectations?

Performance appraisal and feedback

Labor relations

Training and development

Recruitment and selection

  • 21

According to Jones (2007), which type of operating system is designed to make unique or custom-made products?

Materials management production

Flexible production

Mass production

Small-batch production

  • 22

Which of the following is software developed for business within the same industry to conduct trading?

Open source exchange

B2B marketplace

Business exchange center

Networking protocol

  • 23

Of the three stages in operation and materials management, which stage comes first?

Production

Output

Operations

Input

  • 24

Which of the following best explains how information technology improves innovation in a company?

Tracking changes in financing related to product development

Allowing the organization to identify new audiences for an existing product

Providing up-to-date information on changes to products and systems

Giving customers ability to purchase products more easily

  • 25

Which of the following is the correct order of the operations and material management process?

Operations, output, and input

Operations, input, and output

Output, operations, and input

Input, operations, and output

  • 26

Which best describes B2B commerce?

Commerce between wholesalers and retailers

Trade that is transacted electronically

Same industry commerce

Trade that takes place between companies

  • 27

Which component of the HRM system provides employees with the knowledge and skills necessary to perform their job?

Performance appraisal and feedback

Recruitment and selection

Training and development

Labor relations

  • 28

What is the major advantage of broadband technology?

Quick transmission of very large amounts of information

Connection of databases of different institutions

Transfer of data between networks over the Internet

Creation of an area network that links PCs to a central server

  • 29

Which of the following costs is associated with a firm’s operations and materials management function?

The cost of the machinery, computers, tools, buildings, and equipment

The cost of work-in-process goods, semifinished products moving through the production process

The cost of employee wages, including benefits

The stock value of finished products a company holds in inventory

  • 30

In the history of modern computers, which of the following came first?

The World Wide Web

Microprocessors

Mainframe computers

PCs

  • 31

According to Jones (2007), what attributes should information provided to managers have to be useful to the organization?

Complete, accurate, relevant, and timely

Complete, efficient, effective, relevant

Clear, quality, engaging, and responsive

Superior, relevant, timely, and innovative

 

 

 

 

BUS 211 Week 5 Business Portfolio Presentation and Paper

Instructions

Resource: Appendix A

Review the assignments you completed throughout the course.

Write a 700- to 1,050-word paper describing the fictional business you created.

Include information on the following topics:

  • Business organization
  • Potential legal or ethical issues
  • Business culture
  • Types of motivation
  • Technology
  • The operations of the five areas of human resource management in your fictional company
  • The effects and costs of operations and materials management on your fictional company

Create a 10- to 15-slide Microsoft® PowerPoint® presentation supporting the information included in your final paper. You may use text, charts, tables, and visuals to detail the different areas of business found within your company.

Include detailed speaker notes, a title slide, and an APA-formatted reference slide.

Post your final paper along with your Microsoft® PowerPoint® presentation as attachments.

Format your paper consistent with APA guidelines.

Click the Assignment Files tab to submit your assignment.

 

 

 

BUS 211 Week 5 IT Applications Hardware and Software Components

Instructions

Resource: Your Week 5 collaborative learning team discussion and Ch. 9 of Introduction to Business

Discuss with your assigned team members the following IT applications, hardware, and software components and how they affect your everyday life at home and at work.

  • Transaction processing systems
  • Knowledge management systems
  • Expert system and artificial intelligence
  • Enterprise resource planning systems
  • E-commerce systems
  • Legacy systems
  • Mainframe computers
  • Microprocessors
  • PCs
  • Network computers
  • World Wide Web and the Internet
  • Wired and wireless broadband technology
  • PC software
  • Networking software
  • Computer security software

 

Individually complete the table in Appendix C by describing the uses of the IT applications and hardware and listed software components.

Post Appendix C as an attachment.

Click the Assignment Files tab to submit your assignment.

 

 

 

BUS 211 Week 5 quiz

Instructions

 

Your answers : 7/7 (100%)

 

 1

Which component of the HRM system determines who is the best fit for the organization’s specific job requirements?

Performance appraisal and feedback

Recruitment and selection

Labor relations

Pay and benefits

  • 2

What leadership approach would a leader take if they were to combine a concern for the well-being of the employee with an approachable demeanor and attitude?

Direct approach

Supportive approach

Achievement-oriented approach

Participative approach

  • 3

A three stage business plan is used by managers. Which of the following is one of the stages?

Assembling raw materials into finished products

Answering questions about products from customers

Selecting goals and targets for team members

Calling customers to sell products

  • 4

When looking at a demand curve for a particular product. The slope falls downward from left to right. This slope shows which of the following:

As price increases, quality increases.

As price decreases, quantity increases.

As quantity decreases, price decreases.

As price decreases, quality increases.

  • 5

Marketing, operations, sales distribution, and customer service support are included in what functions of a business?

Tertiary function

Secondary value function

Primary value function

Complimentary function

  • 6

A detailed SWOT analysis would classify competition in the industry or market as a

strength

weakness

opportunity

threat

  • 7

What term best describes the buyers and sellers available for a particular product?

Supply

Market

Demand

Company